0:00:07 > 0:00:11This is Business Live from BBC News with Ben Bland and Alice Baxter.
0:00:11 > 0:00:17The social media popularity contest - will Twitter report new monthly
0:00:17 > 0:00:20users when it announces results in a few hours, or has it peaked?
0:00:20 > 0:00:23Live from London, that's our top story on Thursday,
0:00:23 > 0:00:2326th of October.
0:00:38 > 0:00:40The micro-blogging site has announced
0:00:40 > 0:00:44new features to make the platform safe and abuse-free.
0:00:44 > 0:00:45But is it enough?
0:00:45 > 0:00:49Also in the programme...
0:00:49 > 0:00:55An end to stimulus or just a slowdown in bond buying?
0:00:55 > 0:00:59Economists will pour over the European Central Bank's statement
0:00:59 > 0:01:04later for clues about the bank's plans.
0:01:04 > 0:01:10Here is how the markets are looking... Lukewarm opening to the
0:01:10 > 0:01:14session, a bit of a lukewarm day in Asia and a retreat on Wall Street.
0:01:14 > 0:01:16Also coming up...
0:01:16 > 0:01:18An idea that's got the agricultural industry buzzing.
0:01:18 > 0:01:22A company in Canada is using bees to deliver biological
0:01:22 > 0:01:27disease control to crops as they pollinate the flowers.
0:01:27 > 0:01:28We'll find out how Bee Vectoring Technologies
0:01:29 > 0:01:32is using the power of nature.
0:01:32 > 0:01:38And as Amazon announces a new service to unlock your front
0:01:38 > 0:01:42door, we want to know, would you give a courier
0:01:42 > 0:01:44access to your home when you're not there
0:01:44 > 0:01:46in order to avoid a missed delivery?
0:01:46 > 0:01:50Just use the hashtag BBCBizLive.
0:02:00 > 0:02:01We were talking about that,
0:02:02 > 0:02:07We were talking about that, Alice said, I could let someone in if you
0:02:07 > 0:02:15needed me to. I would not trust Alice! I am only joking of course!
0:02:15 > 0:02:18Welcome to Business Live.
0:02:18 > 0:02:20Is Twitter facing a crisis of confidence?
0:02:20 > 0:02:22The micro-blogging site is releasing corporate results later -
0:02:22 > 0:02:25and many will be looking to see if its popularity is waning.
0:02:25 > 0:02:29This is the number they need to beat - 328 million monthly active users.
0:02:29 > 0:02:31That was the figure for both the first and second
0:02:31 > 0:02:33quarters this year.
0:02:33 > 0:02:37In May, the Chinese micro-blogging site Weibo overtook
0:02:37 > 0:02:47Twitter in active users - 340 million - up 30% from 2016.
0:02:53 > 0:02:56The once champion of free speech, Twitter, announced earlier
0:02:56 > 0:03:00in the month that it will implement new rules to make the platform free
0:03:00 > 0:03:02from hate and abuse, targeting unwanted sexual advances,
0:03:02 > 0:03:05hate symbols and tweets glorifying violence.
0:03:05 > 0:03:09And of course, Twitter, like other social media,
0:03:09 > 0:03:12has pledged to be more transparent about advertising -
0:03:12 > 0:03:17who is paying and to what end.
0:03:17 > 0:03:22But is that all enough to restore trust in Twitter?
0:03:22 > 0:03:28Samira Hussain has more from New York.
0:03:28 > 0:03:36We will not cross over to New York because instead I have got Emma
0:03:36 > 0:03:45Robertson in the studio.
0:03:45 > 0:03:47The CEO of the digital consultancy Transform is with me now.
0:03:47 > 0:03:52There are many challenges facing Twitter, it is still not making
0:03:52 > 0:03:57money.This has been an ongoing story for too long. One of the key
0:03:57 > 0:04:00things this year is they have started to see quarterly declines in
0:04:00 > 0:04:04revenue rather than just the profitability question. You cannot
0:04:04 > 0:04:09turn a profit if revenue is declining. The monthly user figure
0:04:09 > 0:04:13will be really important but all of these things echoing the same
0:04:13 > 0:04:17narrative Twitter have been putting up for a long time, increases in
0:04:17 > 0:04:22monthly users are important to the story, but we need more of a step
0:04:22 > 0:04:27change in, what does it mean to its users and how can it be attracted to
0:04:27 > 0:04:32the brand is paying to advertise on it?As was mentioned, there is the
0:04:32 > 0:04:36double challenge facing Twitter. They need to make more money from
0:04:36 > 0:04:41advertising but they are under huge pressure to be more transparent in
0:04:41 > 0:04:45advertising. Who is advertising on the platform? Particularly in the
0:04:45 > 0:04:50wake of the US election.It will be a challenge that Twitter and other
0:04:50 > 0:04:54social media platforms. The ongoing tension, are we a platform
0:04:54 > 0:04:58supporting a free user base to disseminate information or are we a
0:04:58 > 0:05:02media player with an editorial and regulatory responsibility? We are
0:05:02 > 0:05:09seeing a lot of the news Twitter have announced this week, a threat
0:05:09 > 0:05:14that the honesty act being tabled by US Congress, if you do not regulate
0:05:14 > 0:05:18yourselves, we will regulate for you. At the same time as trying to
0:05:18 > 0:05:21balance an open platform where advertisers and users can express
0:05:21 > 0:05:26themselves how they want to, they are having to get much more into the
0:05:26 > 0:05:30uncomfortable space of editorial and judgment.We might see a new icon if
0:05:30 > 0:05:37a politician tweets so we know it is political.Political adverts will
0:05:37 > 0:05:44have to carry an explicit icon saying it is political. Most of that
0:05:44 > 0:05:49disruption is not paid for advertising, it is issue -based
0:05:49 > 0:05:54content associated with users. Twitter have introduced features to
0:05:54 > 0:05:58try to grow the number of active monthly users. If you were given a
0:05:58 > 0:06:02phone call by Twitter and they said, what should we be doing to ward off
0:06:02 > 0:06:07the challenge from the likes of Weibo?One of the things they need
0:06:07 > 0:06:11to do is look more radically at how they can monetise their user base
0:06:11 > 0:06:16and the brands that work with them already. Advertising has been a
0:06:16 > 0:06:24really big theme for them, but also the question of, how do you keep
0:06:24 > 0:06:27users on longer? Things like live streaming video. Customer service,
0:06:27 > 0:06:32one of the biggest ways brands engage with the platform, someone
0:06:32 > 0:06:39tweets they have had a bad flight, those brands can get to the point
0:06:39 > 0:06:42very quickly, monetising the customer service and follow with
0:06:42 > 0:06:47things, that would be radical play for them. And also, it has been
0:06:47 > 0:06:51suggested that were brands have multi-million numbers of followers,
0:06:51 > 0:06:54should a brand start to pay for that, rather than it being something
0:06:54 > 0:07:03Twitter supports?So much we could have talked about! The Trump bump.
0:07:03 > 0:07:06Good to talk to you. Those results from Twitter coming out in a few
0:07:06 > 0:07:08hours.
0:07:08 > 0:07:15Let's take a look at some of the other stories making the news...
0:07:15 > 0:07:17Deutsche Bank has agreed to pay $220 million
0:07:17 > 0:07:18to resolve a US investigation
0:07:18 > 0:07:20into its manipulation of interest rates.
0:07:20 > 0:07:22It is the latest settlement stemming from banks' involvement
0:07:22 > 0:07:27in the rigging of the benchmark Libor rate.
0:07:27 > 0:07:29The sum is more than twice the $100 million British bank
0:07:29 > 0:07:32Barclays agreed to pay last year to end a similar probe.
0:07:32 > 0:07:34China will no longer set a target to double gross
0:07:34 > 0:07:35domestic product from 2021.
0:07:35 > 0:07:38The government will now focus on the quality of growth rather
0:07:38 > 0:07:40than pursue economic growth exclusively, a senior Communist
0:07:40 > 0:07:50Party official said on Thursday.
0:07:50 > 0:07:52Australia and New Zealand Banking Group Ltd reports an 18% jump
0:07:52 > 0:07:58in annual profit on lower bad debts and cost cuts.
0:07:58 > 0:08:00It warned that finding revenue growth is getting harder,
0:08:00 > 0:08:07as it retreats from Asia and instead is focusing in its domestic market.
0:08:07 > 0:08:12Japanese company Kobe Steel has been giving more details of the data
0:08:12 > 0:08:14fabrication scandal that has rocked the industry.
0:08:14 > 0:08:19Monica Miller is in Singapore.
0:08:19 > 0:08:25What more details did we get? Company officials spoke to reporters
0:08:25 > 0:08:29in Tokyo and said they have law certification on some of the copper
0:08:29 > 0:08:33products they make at the plant outside of Tokyo. This news is
0:08:33 > 0:08:38another major blow to the country's third-largest steel-maker which was
0:08:38 > 0:08:40already feeling the pinch as customers switched orders to their
0:08:40 > 0:08:47competitors. Kobe Steel's shares lost 1.5% after announcing the news.
0:08:47 > 0:08:53They also say they suspect there may be four more cases of inappropriate
0:08:53 > 0:08:58data at there. It should be said up until now they have about 525
0:08:58 > 0:09:03customers and none of them have reported any safety concerns. They
0:09:03 > 0:09:07did also say they have a third party, there are three lawyers that
0:09:07 > 0:09:13will independently look at the data, and they expect the data should be
0:09:13 > 0:09:17at the end of the year, the end of the report. Company officials tried
0:09:17 > 0:09:20to get ahead of this. Earlier this month, they had a notice on the
0:09:20 > 0:09:24website saying what had happened with the false data but it sent
0:09:24 > 0:09:31shock waves through the pipe chain from everything from auto-makers to
0:09:31 > 0:09:36trains, even the famous bullet trains in Japan. Again, no instances
0:09:36 > 0:09:40of safety concerns have been reported at this point.Thank you
0:09:40 > 0:09:44very much. Looking at the markets now...
0:09:44 > 0:09:47Asian markets were largely muted Thursday, tracking a retreat
0:09:47 > 0:09:50on Wall Street as fears over the progress of US President Donald
0:09:50 > 0:09:53Trump's tax cut plans dampened investor sentiment.
0:09:53 > 0:09:57But Tokyo edged up slightly, bolstered by positive corporate
0:09:57 > 0:10:01earnings and a weak yen that boosts Japanese exporters.
0:10:01 > 0:10:05US stocks closed lower after hitting several records in the last month,
0:10:05 > 0:10:07with disappointing reports from companies including AT&T
0:10:07 > 0:10:14and Boeing prompting a sell-off across the market.
0:10:14 > 0:10:18Let us show you how the European markets look, mixed picture at the
0:10:18 > 0:10:21start of the day.
0:10:21 > 0:10:23In currency markets, the euro added to overnight gains
0:10:23 > 0:10:25to reach a six-day high against the dollar.
0:10:25 > 0:10:28That was prompted by expectations the European Central Bank would cut
0:10:28 > 0:10:30back its bond-buying stimulus and take the biggest step
0:10:30 > 0:10:36yet in unwinding years of loose monetary policy.
0:10:36 > 0:10:42We will find out what they will do when they meet later, around
0:10:42 > 0:10:49lunchtime. We will keep an eye on that. Looking ahead on Wall Street
0:10:49 > 0:10:53today.Three big names in tech will be reporting earnings on Thursday.
0:10:53 > 0:10:58Amazon, Microsoft. Amazon has been getting a lot of attention lately as
0:10:58 > 0:11:01more than 200 cities across North America have put in bids to be home
0:11:01 > 0:11:13to the company's second headquarters. Look out for any
0:11:13 > 0:11:18updates on Amazon's $13.7 billion purchase of whole foods. The
0:11:18 > 0:11:22continued push to the cloud will help Microsoft's revenue for the
0:11:22 > 0:11:29quarter. It is being led by its flagship cloud computing programme.
0:11:29 > 0:11:34Finally, Google's parent company Alphabet is expected to report a
0:11:34 > 0:11:37rise in revenue. People searching on their mobile phones was a boost for
0:11:37 > 0:11:45the company. Its non-search businesses like YouTube were all
0:11:45 > 0:11:51bigger than expected moneymakers.
0:11:51 > 0:11:55Maike Currie, investment director, at Fidelity International.
0:11:55 > 0:12:00The tech earnings in just a moment, but let us roll back to what Ben was
0:12:00 > 0:12:04talking about, the big meeting later today of the European Central Bank,
0:12:04 > 0:12:08high expectation they will unwind the years of loose monetary policy
0:12:08 > 0:12:13we have been seeing. What are you expecting?It is a key moment for
0:12:13 > 0:12:16financial markets on the continent because what the market is expecting
0:12:16 > 0:12:22is for them to give some indication of how the ECB plans to roll back
0:12:22 > 0:12:27the bond buying programme. They will not reduce it, buying 60 billion
0:12:27 > 0:12:32euros of bonds a month this year, but come 2018, the expectation is
0:12:32 > 0:12:38this will come down down possibly to 50 billion, 40 billion. Once they
0:12:38 > 0:12:42have completely tapered the bond buying, they will start raising
0:12:42 > 0:12:45interest rates. When he has the press conference later this
0:12:45 > 0:12:50afternoon, he will be pressed on what it means. Interest rates will
0:12:50 > 0:12:55only rise after quantitative easing, bond buying is stopped. But how long
0:12:55 > 0:12:58will it take? It means an interest rate rise in Europe will probably
0:12:58 > 0:13:04only happen in the second half of 2019.Still a way ahead and any
0:13:04 > 0:13:07interest rate rise would be incremental.Gradual, rather than
0:13:07 > 0:13:15liftoff.Across the pond, bit of a disappointing day on Wall Street,
0:13:15 > 0:13:19but tech results out today.All eyes will be on the tech giants today
0:13:19 > 0:13:23because they are the companies that have been leading the market,
0:13:23 > 0:13:28companies like Amazon and Google, parent company being Alphabet. The
0:13:28 > 0:13:31key thing with tech results, investors always look for growth,
0:13:31 > 0:13:36but what the companies have been doing, ramping up spending to find
0:13:36 > 0:13:40the next big things. Amazon is moving into grocery, Google is
0:13:40 > 0:13:44moving into hardware, and the cloud, so the focus will be on costs.
0:13:44 > 0:13:49Spending a lot, are they getting the revenues increasing for the
0:13:49 > 0:13:53increased spend? The expectation is revenues will increase because the
0:13:53 > 0:13:58tech giants are leading the pack and there is a narrowing in market
0:13:58 > 0:14:01leadership, few companies, counting them on one hand, leading the market
0:14:01 > 0:14:06and that is making investors nervous. Usually the precursor to a
0:14:06 > 0:14:08market correction is when we only have a few companies leading the
0:14:08 > 0:14:14pack.Good to talk to you. You will take us through the business papers
0:14:14 > 0:14:17later on. We will see you later.
0:14:17 > 0:14:19Still to come...
0:14:19 > 0:14:22Bee power - yes, one company is using bumble bees as a disease
0:14:23 > 0:14:24control transport system for crops.
0:14:24 > 0:14:27We'll find out how it all works in a few minutes.
0:14:27 > 0:14:32You're with Business Live from BBC News.
0:14:37 > 0:14:44Barclays has announced a 19% rise in pre-tax profits to £3.4 billion
0:14:44 > 0:14:45for the three months to 30th September.
0:14:45 > 0:14:50The company has called it an encouraging set of results.
0:14:50 > 0:14:55Andrew Walker has been going through the figures for us.
0:14:55 > 0:15:00So that we don't have to! Thanks, Andrew.
0:15:00 > 0:15:02Profits are up quite strongly, on the face of it.
0:15:02 > 0:15:04What was driving that?
0:15:04 > 0:15:07It has been a trying year for Barclays management and
0:15:07 > 0:15:12shareholders. The share price since January, started the year at around
0:15:12 > 0:15:192.20 per share, now trading a touch below 1.90, decline of 15%. The
0:15:19 > 0:15:25finance director describes the latest results as encouraging, they
0:15:25 > 0:15:28have been doing restructuring and there is a big charge on the figures
0:15:28 > 0:15:32here for the disposal of their Africa operation. It is the UK
0:15:32 > 0:15:37business where there has been the most striking improvement. Smaller
0:15:37 > 0:15:45provisions in the accounts for problem loans and a marked decline
0:15:45 > 0:15:50in the amount they are having to put aside for past misconduct issues,
0:15:50 > 0:15:54notably the selling of payment protection insurance. Important
0:15:54 > 0:15:59progress there and they see this as the basis, I think, for trying to
0:15:59 > 0:16:02improve returns to shareholders in the future. In the UK business,
0:16:02 > 0:16:06there were a couple of areas where things were not quite so good,
0:16:06 > 0:16:10income was down, but that was more than offset by declines on the cost
0:16:10 > 0:16:13side.
0:16:13 > 0:16:16And hard times in international financial markets?
0:16:16 > 0:16:24Absolutely, the market is a bit of the business, their income was down
0:16:24 > 0:16:3014% because of lower market volatility. So somebody does gain
0:16:30 > 0:16:33when the markets are relatively unstable. Also an increase in the
0:16:33 > 0:16:38amount they have had to set aside in the international business for
0:16:38 > 0:16:42problem loans, so two very different stories for Barclays home and away.
0:16:42 > 0:16:46Andrew, many thanks indeed.
0:16:46 > 0:16:51Reuters news agency are saying London's Canary Wharf railway
0:16:51 > 0:16:58station has been closed because of a fire alert, that is the station
0:16:58 > 0:17:01closest to many banks and financial services close to London Docklands.
0:17:01 > 0:17:06So the Canary wharf Docklands railway station was closed and a
0:17:06 > 0:17:12stretch of the DLR between Canary Wharf and West India key is that
0:17:12 > 0:17:20affects your commute this morning.
0:17:20 > 0:17:22You're watching Business Live.
0:17:22 > 0:17:23Our top story:
0:17:23 > 0:17:25Twitter reports earnings later, as the micro-blogging site hopes
0:17:25 > 0:17:32to grow user numbers in the last three months.
0:17:32 > 0:17:34Quite often here on Business Live, we feature groundbreaking
0:17:34 > 0:17:37new technology that aims to disrupt one industry or another.
0:17:37 > 0:17:42And to do that, sometimes, you just have to look to nature.
0:17:42 > 0:17:44That's the case with our next guest.
0:17:44 > 0:17:47He's the boss of Bee Vectoring Technologies -
0:17:47 > 0:17:53a company using bees to deliver biological protection to crops
0:17:53 > 0:17:55Here's how it works.
0:17:55 > 0:17:57The company places its special powder - made of fungus
0:17:57 > 0:18:07and light adherent - in a special dispenser.
0:18:09 > 0:18:11You will see that in a moment.
0:18:11 > 0:18:13Commercially-reared bees are then directed to walk
0:18:13 > 0:18:19through the dispenser as they leave the hive.
0:18:19 > 0:18:22When the bees leave their hive and fly around their natural
0:18:22 > 0:18:24foraging area, they deliver the treatment to each
0:18:24 > 0:18:26plant they visit.
0:18:26 > 0:18:28One man knows everything about there. Road
0:18:28 > 0:18:29One man knows everything about there.
0:18:29 > 0:18:30Road
0:18:30 > 0:18:33Ashish Malik is CEO of Bee Vectoring Technologies and joins us now.
0:18:33 > 0:18:40many thanks. You have brought one of your hives into the studio,
0:18:40 > 0:18:44demonstrate how it works.This is a commercial bumblebee hive and there
0:18:44 > 0:18:50is no live insects inside here. Delighted to hear that!What you see
0:18:50 > 0:18:58inside the box is where the bees normally nest. You have around 200
0:18:58 > 0:19:05bees inside a full mature beehive. As the bees leaving the...Turn it
0:19:05 > 0:19:11this way, these holes.You see the bees come in through this whole and
0:19:11 > 0:19:17they nest inside and when they leaving, they walk across this tray
0:19:17 > 0:19:22and this tray contains the beneficial planned treatment agent.
0:19:22 > 0:19:27It is a powder that sits inside the tray. As they believe the beehive,
0:19:27 > 0:19:31they carry that beneficial fungus to the crops.This is a biological
0:19:31 > 0:19:41treatment that is good both for the plants and the bees.Absolutely, the
0:19:41 > 0:19:45beneficial fungus reaches the plant and colonisers it in a Sim by Artic
0:19:45 > 0:19:51relationship and helps the plant by the diseases. Through the use of
0:19:51 > 0:19:53this technology, farmers reduce chemical pesticides they are using
0:19:53 > 0:19:59on the crops which is good for consumers.A quick question. If I
0:19:59 > 0:20:04were a farmer and if I were spraying a crop protection agent across
0:20:04 > 0:20:08minefields, I would know which areas I have covered, with this, how can I
0:20:08 > 0:20:12be sure the bees have covered the entire area you need them to work
0:20:12 > 0:20:17on?This is backed by many years of research study and field trials and
0:20:17 > 0:20:21we have determined through the number of bees inside a beehive how
0:20:21 > 0:20:27many hives we have the place in a crops field. At the pens. The number
0:20:27 > 0:20:33is different. The breeze and sunflowers -- it depends. The way
0:20:33 > 0:20:38bees work, that is their food source and they are good at finding flowers
0:20:38 > 0:20:41with the nectar and pollen they need to bring back to the hives and
0:20:41 > 0:20:51successive waves of bees visit hives, flowers with the food source.
0:20:51 > 0:20:56As a layman observer, there are lots of bees around in the summer, not as
0:20:56 > 0:21:01many in the winter, presumably this only works for seasonal crops that
0:21:01 > 0:21:04need protecting in summer?The concept of using commercial bees to
0:21:04 > 0:21:11deliver a biological treatment of plants can be adapted for different
0:21:11 > 0:21:14species of bees. I have brought a system that works with bumblebees
0:21:14 > 0:21:21which tend to work in colder temperatures, wet climates. But then
0:21:21 > 0:21:27you have got other seasons whether temperatures warm up or dryer and
0:21:27 > 0:21:31honey bees are better suited in those seasons. We are now adapting
0:21:31 > 0:21:36this system to work with honey bees as well so over time, we will have a
0:21:36 > 0:21:39system for different species of bees.
0:21:39 > 0:21:42You have been undergoing months of testing and it still has to pass
0:21:42 > 0:21:46through approval in the States and in Europe, but throughout the
0:21:46 > 0:21:51testing, how many of these to you need per hectare or ache of farming
0:21:51 > 0:21:56if one was a farmer and what do they cost and how successful has it been
0:21:56 > 0:22:02in terms of fruit yield?The key to this technology, we have to find a
0:22:02 > 0:22:05way to increase the profitability for the farmer so if we are not able
0:22:05 > 0:22:10to improve the economics for the farming operation, we do not have a
0:22:10 > 0:22:14viable business model. We have been testing this for many years, the
0:22:14 > 0:22:18technology is about 20 years old, the concept of using bees for
0:22:18 > 0:22:22biological treatment has been studied for a while in the academic
0:22:22 > 0:22:26community. We have been doing studies in a replicated environment
0:22:26 > 0:22:30for a couple of years and in strawberries, the research suggests
0:22:30 > 0:22:40we need about one hive and a half per acre, which is three hives
0:22:40 > 0:22:43Petzer, we still deal in acres in the United States, but for other
0:22:43 > 0:22:50crops, the density is different.We were talking about this earlier,
0:22:50 > 0:22:54does it hurt the bees?Of course not. We have done studies to show
0:22:54 > 0:22:58that the particular product we factoring is totally safe for the
0:22:58 > 0:23:02bees, it is a natural organism which does not have any effect on the
0:23:02 > 0:23:11adults. And on the law. And we have been able to demonstrate that the
0:23:11 > 0:23:16yields the farmer gets from using this technology are much higher than
0:23:16 > 0:23:20conventional methods.We have run out of time, but really good to see
0:23:20 > 0:23:24you, from a Bee Vectoring Technologies.
0:23:24 > 0:23:26In a moment, we'll take a look through the Business Pages,
0:23:26 > 0:23:30but first, here's a quick reminder of how to get in touch with us.
0:23:30 > 0:23:32You can stay ahead with the breaking business news on the Business Live
0:23:32 > 0:23:36page and we will keep you up-to-date with the latest details with insight
0:23:36 > 0:23:40and analysis from the BBC's team of editors around the world. And we
0:23:40 > 0:23:46want to hear from you, get involved on the BBC Business Live web page.
0:23:46 > 0:23:56And on Twitter. And you can find us on Facebook. Business Live, and TV
0:23:56 > 0:24:01and online, whenever you need to know.
0:24:01 > 0:24:04Maike is back to look through the papers.
0:24:04 > 0:24:08In the New York Times, Amazon have this new technology that could allow
0:24:08 > 0:24:14a career to access your home, unlock your door and leave a parcel and go,
0:24:14 > 0:24:19we have been asking for your messages. This says, ludicrous idea,
0:24:19 > 0:24:26next, they will come into on packet. Dangerous, somebody could hack the
0:24:26 > 0:24:31codes and get in. David, yes, others, certainly not. I
0:24:31 > 0:24:35wouldn't want to know the expected time of the driver beforehand.
0:24:35 > 0:24:43I love Tracy's, she simply says, is it April one?! And Tim says, they
0:24:43 > 0:24:47cannot even manage to shut the front gate, never mind the front door!
0:24:47 > 0:24:52What did you make of this New York Times article?It is interesting, in
0:24:52 > 0:24:58terms of how it works, it does make sense, at you by a kit from Amazon
0:24:58 > 0:25:03involving a smart lock and security camera and the lock helps the driver
0:25:03 > 0:25:06verify if they are at the right address and that opens the door and
0:25:06 > 0:25:10the security camera records the delivery of the package. This is
0:25:10 > 0:25:15usually convenient if you have been at work or you have missed a package
0:25:15 > 0:25:19or the package has been left out in the rain. And it sets the trend for
0:25:19 > 0:25:28things like letting in a cleaner or a dog walker. There is a bigger
0:25:28 > 0:25:33question around trust and technology. Technology has strayed
0:25:33 > 0:25:37-- has changed who we trust and where we trust, companies like Abbie
0:25:37 > 0:25:45AB, staying in a stranger's house. Uber, a stranger's car. We trust
0:25:45 > 0:25:50strangers because of technology and this is the next step in that
0:25:50 > 0:25:55revolution.Thank you.
0:25:55 > 0:25:59That's it from Business Live today.
0:25:59 > 0:26:00Goodbye.